david: cisco's stock is on a tear today. after the company announced it is buying rival u.s. foods -- sysco. paying 3.5 billion for the purchase and assuming 4.7 billion in debt. cheryl: upgrade from morgan stanley, wall street firm raising stock from overweight to equal weight with a 60-dollar price target. david: teen apparel retailer abercrombie & fitch is extending ceo mike jeffries contract for another year. that is good for him, not necessarily for the stock. this is days of an activist investor called in the company to replace him. abercrombie stock fell sharply on the news. cheryl: much of the country struggling to recover from a huge snow and ice storm that forced cancellation of nearly 3,000 flights. that happened yesterday. more than 1600 today and oh, yes, more snow is forecast for the northeast! "after the bell" starts right now. david: let's break down today's action. boy, a lot of selling into the end of the day's session. we have jamie cox, harris financial group managing partner. he will tell us why he is not really that worried about the federal reserve's ta